Constant GDP per capita for the Russian Federation
NYGDPPCAPKDRUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,043.26
Year-over-Year Change
16.69%
Date Range
1/1/1989 - 1/1/2024
Summary
This economic trend measures the constant GDP per capita for the Russian Federation, providing insights into the country's economic growth and development over time.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Constant GDP per capita is a measure of a country's economic output adjusted for inflation, which allows for more accurate comparisons over time. This metric is widely used by economists and policymakers to assess a nation's standard of living and economic progress.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
Tracking constant GDP per capita is crucial for understanding Russia's economic performance and informing policy decisions.
Key Facts
- Russia's constant GDP per capita was $11,585 in 2021.
- GDP per capita has grown by over 50% since 2000.
- Russia ranks among the top 20 countries globally by this metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the constant GDP per capita for the Russian Federation, which represents the country's economic output per person adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Tracking constant GDP per capita is crucial for understanding Russia's economic performance and living standards over time, and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is widely used by economists and policymakers to assess a nation's standard of living and economic progress, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may be subject to revisions by the World Bank.
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Citation
U.S. Federal Reserve, Constant GDP per capita for the Russian Federation (NYGDPPCAPKDRUS), retrieved from FRED.